Asia: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2024

Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Asia

In 2022, the Asian spindles and spindle flyer market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Asia

In value terms, spindles and spindle flyer production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Exports in Asia

In 2022, approx. X tons of spindles and spindle flyers, spinning ring and ring travellers were exported in Asia; waning by X% on 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, spindles and spindle flyer exports expanded to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) was the major exporter of spindles and spindle flyers, spinning ring and ring travellers, making up X% of total exports. India (X tons) ranks second in terms of the total exports with a X% share, followed by South Korea (X%). Japan (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of spindles and spindle flyers, spinning ring and ring travellers. At the same time, South Korea (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Hong Kong SAR and South Korea lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Imports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Imports in Asia

In 2022, overseas purchases of spindles and spindle flyers, spinning ring and ring travellers increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, spindles and spindle flyer imports rose notably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) represented the largest importer of spindles and spindle flyers, spinning ring and ring travellers, creating X% of total imports. It was distantly followed by China (X tons), Pakistan (X tons), Bangladesh (X tons) and Indonesia (X tons), together creating a X% share of total imports. The following importers - Japan (X tons) and Turkey (X tons) - together made up X% of total imports.

India was also the fastest-growing in terms of the spindles and spindle flyers, spinning ring and ring travellers imports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%), Bangladesh (X%), Japan (X%) and Pakistan (X%) displayed positive paces of growth. By contrast, Indonesia (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Pakistan and Bangladesh increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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